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Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Costco, Berry Global Group, Rivian Automotive, Smartsheet, Adobe, Dollar General, EverCommerce, Phillips 66, Ulta Beauty, and Cardlytics. These changes reflect the analysts' latest views on these stocks, with adjustments made to price targets and, in some cases, ratings upgrades or downgrades.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 11:54 am

GERN

Geron's shares are trading lower despite the FDA Oncologic Drugs Advisory Committee voting in favor of the clinical benefit/risk profile of imetelstat for treating transfusion-dependent anemia in adult patients with low-to-intermediate-1 risk myelodysplastic syndromes.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:54 am

SMR

NuScale Power's shares dropped following the announcement of disappointing Q4 financial results, underperforming market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:53 am

PD

PagerDuty's stock trades lower following its Q4 financial results, with Q1 and FY25 guidance falling below expectations. Baird maintained a Neutral rating but reduced the price target from $25 to $22.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:51 am

CL

Colgate-Palmolive Company (NYSE:CL) announced a 4% increase in its quarterly common stock cash dividend to 50 cents per share, effective in Q2 2024. The dividend will be paid on May 15, 2024, to shareholders of record as of April 22. The annualized dividend rate is now $2.00, up from $1.92. In January, Colgate projected FY24 net sales growth of 1%-4%, including a slight negative impact from foreign exchange, and organic sales growth of 3%-5%. The company also expects non-GAAP gross profit margin expansion, increased advertising investment, and mid to high-single-digit EPS growth. CL shares closed down 0.95% at $88.35 on Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

March 15, 2024 | 11:50 am

RLX

RLX Technology's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:50 am

GRPN

Groupon's stock price increased following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:50 am

MSFT

TSLA

Gary Black, a Future Fund manager, highlighted the challenges in valuing Tesla Inc.'s Optimus humanoid robot project due to increasing competition, notably from Figure AI's robot powered by Microsoft Corp.-backed OpenAI. Black's conservative valuation approach contrasts with Ark Invest's Cathie Wood, who includes Tesla's AI projects in her valuations. Tesla's Optimus project is under development, aiming to create robots capable of intricate tasks, but still faces significant development hurdles.

Portfolio Pulse from Rounak Jain

March 15, 2024 | 11:47 am

JBL

Jabil Inc. (JBL) reported Q2 adjusted EPS of $1.68, surpassing the $1.66 estimate, but experienced a 10.64% decrease from last year's earnings. Sales reached $6.77B, missing the $6.89B estimate and marking a 16.81% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:46 am

PBF

B of A Securities analyst Doug Leggate upgraded PBF Energy (NYSE:PBF) from Neutral to Buy and increased the price target from $52 to $74, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:43 am